In 2023, Portugal led the European market in the number of high growth enterprises in beverages manufacturing with a substantial share. Hungary followed closely behind, demonstrating the highest year-on-year growth at 9.07%. Meanwhile, Italy experienced a notable decline of 7.69%. Other countries such as Slovakia, Lithuania, and Latvia also faced significant decreases. Norway and Iceland maintained stability with no year-on-year change. Over the past five years, the compound annual growth rate shows varied performances across the region.
Looking ahead, the forecast suggests potential growth opportunities, particularly in markets like Hungary and Portugal, driven by innovation and investment in beverage manufacturing. Additionally, countries with declining shares may seek to revitalize growth through strategic partnerships and technological advancements.
Top countries in Number of High Growth Enterprises in Beverages Manufacturing Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 27.15 | 2023 | +17.19% | +2.43% | View data |
| 2 | 2 Hungary | 25.7 | 2023 | +12.7% | +9.07% | View data |
| 3 | 3 Italy | 22.08 | 2023 | +5.17% | -7.69% | View data |
| 4 | 4 Czech Republic | 9.05 | 2023 | +8.7% | -4.21% | View data |
| 5 | 5 Romania | 6.15 | 2023 | +21.43% | -5.87% | View data |
| 6 | 6 Slovakia | 2.53 | 2023 | 0% | -14.14% | View data |
| 7 | 7 Lithuania | 2.17 | 2023 | 0% | -7.79% | View data |
| 8 | 8 Latvia | 1.81 | 2023 | -16.67% | -11.09% | View data |
| 9 | 9 Norway | 0.72 | 2023 | 0% | 0% | View data |
| 10 | 10 Iceland | 0.36 | 2023 | 0% | View data |
